InsurePal

InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. The platform will serve as a replacement for insurances as we know today and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain, starting with the insurance of blockchain business transactions. The innovative approach has been filed for patent protection in US and worldwide. Social proof is an in-built mechanism within all of us, representing people`s moral compass. InsurePal embeds social proof in form of financial commitment. The endorser who financially guarantees for someone has to use its own diligence when providing the guarantee to at the risk of losing their money. Through such endorsements, the network in whole becomes more risk aware. The platform will work as an dAPP for B2C customers and as a service for B2B partners that will resell social proof insurance by using InsurePal solution.

About InsurePal

Join us in a venture in what is to bring a complete change to the insurance as we know today!

SOCIAL PROOF PATENT We’ve successfully reinvented the social proof methodology for insurance industry. The approach has been filed for patent protection in the US and worldwide.

SCALABILITY Insurance is a $7 trillion global market. By becoming an early adopter of blockchain technology, InsurePal can gain an important advantage.

INDUSTRY KNOW-HOW InsurePal team combines best of both worlds – industry professionals with years of experience and dedicated blockchain experts with a track-record of successful crypto projects.

INSUREPAL (IPL) TOKEN IPL token will be the fuel of InsurePal platform, used by clients and 3rd-parties worldwide. The platform will use different means to incentivize participants and make the tokens available to a broad audience.

SELF-REGULATION Our business model allows self-regulation without the need of a central institution. As the risk-prone individuals will be automatically excluded, InsurePal can offer significant cost reductions.

SOCIAL IMPACT InsurePal motivates groups for a change to better. We’re creating a complete switch in paradigm and growing a global community that shares a common value of reciprocity.

Insurance of tomorrow InsurePal aims to become a first-of-a-kind blockchain-based decentralized insurance platform powered by social proof guarantee. InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. It will serve as a replacement for insurances as we know and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain and transactions being carried out on the distributed ledger.

The science of social proof Social proof is a natural, in-built mechanism within all of us, representing people`s moral compass. In other words, people reference the behavior of others to guide their own behavior. InsurePal embeds social proof in a form of financial commitment. The endorser who financially guarantees for someone has to use its own due diligence when providing the guarantee to at the risk of losing their money. Through such endorsements and guarantees, the network in whole becomes more risk aware, consequently inducing a change of people’s behavior.

Worldwide patent This is the first time we have successfully reinvented the social proof for insurance industry. The innovative approach has been filed for patent protection in US and worldwide. Insurance play a vital role in society and its proper function is imperative. To prevent unfair competition, it is at large subjected to tight regulation and unified standards. For that, we make it our imperative that InsurePal abides with all the regulatory requirements. This way our policyholders can always rely they are safe and covered.

Features

InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. The platform will serve as a replacement for insurances as we know today and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain, starting with the insurance of blockchain business transactions. The innovative approach has been filed for patent protection in US and worldwide. Social proof is an in-built mechanism within all of us, representing people`s moral compass. InsurePal embeds social proof in form of financial commitment.

Technical Info

The platform will work as an dAPP for B2C customers and as a service for B2B partners that will resell social proof insurance by using InsurePal solution.

Roadmap

Social proof and first round of funding

Founders identify the science of social proof as a solution and invest close to $500.000 to develop the social proof model and web app demo.

2015 Social proof and first round of funding

Insurance industry is full of irregularities.
Founders identify the science of social proof as a solution and invest close to $500.000 to develop the social proof model and web app demo.
Calibrated mathematical algorithms confirm the model brings from 30% and up to 70% cost reduction.

US & worldwide patent

Social proof insurance patent protection is filed in US and worldwide.

Read More

2016 US & worldwide patent

Social proof insurance patent protection is filed in US and worldwide. Founders pitch the idea in Silicon Valley but refuse several million offer to be able to develop InsurePal on their own terms.
The methodology, viability assessment and a legal review of the project are developed. Blockchain is identified as the missing piece. Several meetings with crypto think-tanks occur. InsurePal core team is assembled.

Core team & ICO preparation

InsurePal enters in partnership with Netis Group and expands the team with several blockchain and IT experts.

2017 Core team & ICO preparation

InsurePal enters in partnership with Netis Group and expands the team with several blockchain and IT experts.
The architectural design of the InsurePal platform and its functionalities begins. Parallelly, the extensive preparations for ICO go about.

InsurePal tokensale

InsurePal tokensale

InsurePal tokensale

16 January

IPL token crowdsale

Platform launch & extended features integration

Platform is further developed and new social proof modules are integrated, ready to be used by third-parties.

2018 Platform launch & extended blockchain features integration

The development of InsurePal platform core begins. First social proof modules are ready to be used. PR & Marketing campaign launches.
We obtain MGA insurance license for UK market and start with UK pilot project. Platform is further developed and new social proof modules are integrated, ready to be used by third-parties. Extensive legal and regulatory preparations to obtain the EU passport license begin.

Additional functionalities are implemented. Partnerships with interested third-parties are further promoted. Implementation of claims community handling model begins. All InsurePal activities are promoted on a global scale.
InsurePal platform to become a “to-go” global social proof insurance.

Global expansion & B2B partnerships

Additional functionalities are implemented. Partnerships with interested third-parties are further promoted.

DISCLAIMER & RISK WARNING

This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.

If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.